Russia–Asia: New Opportunities for the Development of Private International Law

The transformation of international relations in the context of the globally dominant policy of the US and EU has led Russia to change its development pathway. It has shifted its focus of international economic and legal cooperation to the nations of Southeast Asia, Central Asia, and the Middle East. In the current environment, it has become prudent to establish and improve a system of international institutions and organizations in order to secure international and regional security. These should include bodies to combat international terrorism and extremism (under the SCO, CSTO, and so on). Unfriendly countries (the US, EU, Canada, Japan, Australia, etc.) and international organizations are continuing to strengthen their sanctions policy against Russia and Belarus. As a result, it has become incumbent to shore up international legal support for economic, trade, and financial cooperation with member states of the CIS, EAEU, BRICS+, and APEC. International legal regulation and the protection of foreign investment from sanctions imposed by unfriendly countries are key issues in light of the development of Greater Eurasia. What needs to be done to improve the regional dispute resolution system in the relevant courts in order to effectively examine disputes and conflicts between legal entities? What steps should be followed to create a unified legal framework guaranteeing legal protection for legal entities and people in Russia, Belarus, and member states of the EAEU and CIS?